A demand for tax is not valid simply because an officer sends a sternly worded letter. Based on Metal Forgings vs. Union of India, a formal "show cause notice" (SCN) is the jurisdictional bedrock of any tax demand. Departmental "suggestions", "advice", or "communications" are legally hollow. Unless the revenue issues a specific SCN indicating the exact amount and the legal grounds, there is no valid demand.

GST Records

GST Offences & Penalties

GST Audit & Assessment

GST Appeals

GST Act

GST Payments

The Shield and the Sword: 5 Surprising Legal Protections Every Taxpayer Should Know

Article 265 of the Constitution of India strictly mandates that "No tax shall be levied or collected except by authority of law". This constitutional safeguard acts as a dual prohibition against arbitrary state action: the law must explicitly authorise both the imposition (levy) of a tax and the procedure for its actual recovery (collection). In this framework, the principle that "Payment ≠ Acceptance" acts as a crucial defense for taxpayers against unjust tax collections.

GST Inspection

GST Software

GST Updates

GST Payment Under Protest: What ASP Traders Judgment Means

A detailed legal analysis of why GST classification disputes must be adjudicated under Section 73 and not Section 74 — covering the distinction between bona fide interpretation errors and deliberate tax evasion, with landmark Supreme Court, High Court, and Tribunal rulings

Classification Disputes Under GST: Why Section 73 Applies and Section 74 Does Not

Ever since its inception, the Goods and Services Tax in India has continued to evolve, enabling ease of doing business. Explore the full story of what these changes in the GST regulatory framework mean for enterprises in India for taxation heads and CFOs and the underlying impact on accounts payable and accounts receivables.

Fintech

GST Returns & Reconciliations

GST Invoicing

The Great GST Demand Shift: Guide to the Legacy vs. 'One Code' Regime

New Income Tax e-Filing Portal Launched

AP Transformation - How AI is Transforming AP Processes

Financial technology (FinTech) uses technology and innovation to enhance financial activities.

Future of FinTech in India

A leadership-focused roadmap for finance and tax professionals navigating AI-driven automation, regulatory complexity, GST risk, RCM, ITC volatility, and career resilience in the digital era.

Navigating the Convergence: A Strategic Roadmap for Regulatory Excellence and Career Resilience in the AI Era

In this article, we will discuss the Income Tax rules applicable on any income earned through winnings from lottery, crossword puzzles, card games and other games of any sort.

Income Tax Payable On Winnings From Game Shows, Puzzles and Lottery

Maintenance of Accounts and Records under GST, should be maintained by the taxpayers at their principal place of business. Therefore, it is binding to know the details related to the maintenance of records under gst and accounts under GST.

Maintenance of Accounts and Records under GST

A balance sheet of an entity gives detailed information of it that can be used to know the financial stability and position of such an entity. The major components of Balance Sheet are Assets, Liabilities and Shareholders’ funds.

Balance Sheet: Format, Definition, Importance, Types & Example

Form-16 is a certificate that is issued by the employer on or before 15th June, after the relevant FY ends. Form-16 contains two parts: Part-A and Part-B.

What is Form 16 |  How To Download Form 16?

TAN Verification can be done online through the Income Tax Department E-filing website. In order to verify TAN, you may follow the steps which are provided in this article.

Procedure for TAN Verification

When a person starts his own business he starts to hear new technical jargons such as GSTIN, TAN, PAN, DSC and DIN. In this article we summarise the list of these technical jargons along with their meaning.

Meaning of GSTIN, TAN, PAN, DSC and DIN

UDIN (Unique Document Identification Number) is a unique number for the identification of every document attested by practicing chartered accountants in practice. Go through this and know everything including what, when and why about UDIN.

Unique Document Identification Number

Finance & Accounting

This page lists all articles, blogs, news updates, summary of notifications and circulars relating to Fintech

Fintech

The Great GST Demand Shift: Guide to the Legacy vs...

By: Abhishek Raja Ram

New Income Tax e-Filing Portal Launched

By: Sakshi Jain, CA LLB

AP Transformation - How AI is Transforming AP Proc...

By: Prakash Matre

Future of FinTech in India

By: Sakshi Jain, CA LLB

Navigating the Convergence: A Strategic Roadmap fo...

By: Abhishek Raja Ram

Income Tax Payable On Winnings From Game Shows, Pu...

By: Sakshi Jain, CA LLB

Maintenance of Accounts and Records under GST

By: CA Kamal Sakle

Balance Sheet: Format, Definition, Importance, Typ...

By: Sakshi Jain, CA LLB

What is Form 16 | How To Download Form 16?

By: Sakshi Jain, CA LLB

Procedure for TAN Verification

By: Prakash Matre

Meaning of GSTIN, TAN, PAN, DSC and DIN

By: CA Kamal Sakle

Unique Document Identification Number

By: CA Kamal Sakle

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